LXB Retail Properties Plc Annual Report Publication (7445P)

TIDMLXB

RNS Number : 7445P

LXB Retail Properties Plc

21 November 2016

For immediate release 21 November 2016

LXB Retail Properties Plc

the "Company" or the "Group")

Publication and posting of 2016 Annual Report

and

Further detail on ultimate value expectations

In accordance with Rule 20 of the AIM Rules, the Company confirms that the Annual Report and Accounts for the year ended 30 September 2016 is available to view on the Company's

website, www.lxbproperties.com.The Annual Report and Accounts will be posted to shareholders on 2 December 2016.

Two shareholders have requested further clarification on the comment in the Chairman's Statement in the preliminary announcement noting the Board's confidence that the ultimate value realisation will be in excess of the NAV reported as at 30 September 2016 which was 56.7p per share. The Board's policy is that value should be returned to shareholders through cash returns whenever circumstances permit and 18p per share of value was realised with the return of cash on 3 November 2016. Consequently, after reflecting that return of cash, the Board remains confident that ultimate value realisation will be in excess of 38.7p per share.

For further information please contact:

LXB Adviser LLP Tel: [phone]

Tim Walton, CEO

Brendan O'Grady, FD

J.P. Morgan Cazenove (NOMAD) Tel: [phone]

Bronson Albery/Paul Hewlett

Buchanan Tel: [phone]

Charles Ryland/Victoria Hayns/Patrick Hanrahan

This information is provided by RNS

The company news service from the London Stock Exchange

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November 21, 2016 11:15 ET (16:15 GMT)